Adani Total Gas Q2 FY27 revenue jumps 34% to ₹2,102 crore on CNG surge
Synopsis
Adani Total Gas posted a 34% revenue jump to ₹2,102 crore in Q2 FY27, even as net profit grew a more modest 3% to ₹167 crore — a margin squeeze the company attributes to the West Asia crisis, elevated gas prices, and reduced APM allocation. CNG volumes surged 17%, and its EV charging arm now spans 5,513 points across 26 states, signalling a quiet pivot from pure-play gas to multi-energy utility.
Key Takeaways
Adani Total Gas Ltd (ATGL) reported Q2 FY27 revenue of ₹2,102 crore , up 34 per cent year-on-year from ₹1,569 crore .
Net profit rose 3 per cent to ₹167 crore ; consolidated PAT was ₹173 crore for Q2 FY27 and ₹315 crore for H1 FY27.
CNG volumes grew 17 per cent year-on-year; overall volumes up 12 per cent in the quarter.
Approximately 11.81 lakh homes are now connected via piped natural gas.
Adani TotalEnergies E-Mobility has 5,513 installed EV charge points across 26 states/UTs and 225 cities .
EBITDA grew 12 per cent year-on-year to ₹340 crore in Q2 FY27.
Adani Total Gas Ltd (ATGL) on Thursday, 22 October 2026, reported a 34 per cent year-on-year rise in revenue from operations to ₹2,102 crore in Q2 FY27, up from ₹1,569 crore in the same quarter a year ago, driven by sustained volume growth across its city gas distribution network. Net profit (PAT) rose 3 per cent year-on-year to ₹167 crore for the quarter ended 30 September 2026.
Key Financial Highlights
EBITDA grew 12 per cent year-on-year to ₹340 crore in Q2 FY27. For the first half of the fiscal year (H1 FY27), EBITDA rose 3 per cent to ₹621 crore. On a consolidated basis, PAT stood at ₹173 crore for Q2 FY27 and ₹315 crore for H1 FY27.
Volume Growth Drives Performance
CNG volumes rose 17 per cent year-on-year in Q2 FY27, backed by continued network expansion, while PNG volumes grew 3 per cent. Overall gas volumes climbed 12 per cent year-on-year during the quarter. The company now has approximately 11.81 lakh homes connected via piped natural gas.
What the CEO Said
ATGL Chief Executive Officer Sanjay Pandita said the company delivered strong performance in Q2 with volumes growing 12 per cent and revenue rising 34 per cent, 'supported by sustained CNG demand and deeper PNG penetration.' He noted the performance was achieved despite a challenging operating environment marked by the continuation of the West Asia crisis, elevated Brent and spot gas prices, currency depreciation, and a reduction in APM allocation.
New Business Expansion
Adani TotalEnergies E-Mobility Ltd expanded its electric vehicle charging footprint to 5,513 installed EV charge points across 26 states and Union Territories and 225 cities, with an installed capacity of approximately 63 MW and 4,809 charge points operational. Meanwhile, Adani TotalEnergies Biomass Ltd sold 460 metric tonnes of compressed biogas (CBG) in H1 FY27, including 195 tonnes through dedicated CBG stations. Organic manure sales crossed 6,865 tonnes, with 1,757 tonnes sold under the Harit Amrit brand.
ESG and Sustainability Scores
On the sustainability front, ATGL's NSE Sustainability score improved to 75, and the Stakeholders Empowerment Services (SES) score also rose to 75 out of 100. The improvement reflects the company's broader push to integrate environmental, social, and governance metrics into its operations alongside financial growth. With CNG network expansion ongoing and the EV charging infrastructure scaling rapidly, ATGL is positioning itself as a multi-energy utility ahead of the remainder of FY27.
Point of View
But the margin compression will raise questions about pricing power in a regulated environment. More intriguing is the quiet emergence of the EV charging arm: 5,513 charge points across 26 states is no longer a side note — it is the early outline of a multi-energy utility strategy. If ATGL can cross-leverage its city gas infrastructure for EV and biogas distribution, it may redefine what 'city gas distribution' means in India's energy transition.
NationPress
22 Oct 2026
Frequently Asked Questions
What were Adani Total Gas's Q2 FY27 financial results?
Adani Total Gas reported a 34 per cent rise in revenue from operations to ₹2,102 crore in Q2 FY27, up from ₹1,569 crore a year ago. Net profit rose 3 per cent year-on-year to ₹167 crore for the quarter ended 30 September 2026.
Why did ATGL's profit grow slower than its revenue in Q2 FY27?
According to CEO Sanjay Pandita, the company faced a challenging operating environment including the ongoing West Asia crisis, elevated Brent and spot gas prices, currency depreciation, and a reduction in APM (administered price mechanism) allocation. These factors pressured margins despite strong volume growth.
How much did CNG and PNG volumes grow for Adani Total Gas?
CNG volumes grew 17 per cent year-on-year in Q2 FY27, supported by network expansion, while PNG volumes rose 3 per cent. Overall gas volumes increased 12 per cent during the quarter.
What is the status of Adani TotalEnergies' EV charging business?
Adani TotalEnergies E-Mobility Ltd had 5,513 installed EV charge points across 26 states and Union Territories and 225 cities as of Q2 FY27, with an installed capacity of approximately 63 MW and 4,809 charge points operational.
How many homes does Adani Total Gas supply piped natural gas to?
Approximately 11.81 lakh homes are currently connected to Adani Total Gas's piped natural gas network, reflecting the company's continued PNG penetration across its licensed geographic areas.
